Cicero, N.Y. — Massachusetts-based GSI Group Inc. has reached an agreement to buy Cicero-based Jadak Technologies, a maker of barcode scanners for the medical industry, for $93.5 million.

GSI, of Bedford, Mass., said the acquisition, which is subject to regulatory reviews, should occur in March. The company said Jadak's products are appealing to GSI because GSI has been trying to grow its sales to the medical industry.

GSI is a supplier of precision photonics and motion control components to the medical, industrial, electronics and scientific markets.

Jadak, a privately-held company founded in 2000, makes optical data collection and machine vision technologies. About 90 percent of its sales are to medical device manufacturers.

"These technologies help reduce medical errors and increase safety," he said Wednesday in a conference call with investment analysts. "They've built a very strong franchise."

GSI's announcement did not say what impact, if any, the acquisition will have on Jadak's workforce in Cicero. The companies did not return phone calls seeking comment Wednesday.

Jadak employs approximately 130 people, most of them at its headquarters at 7279 William Berry Blvd. in Hancock Airpark. GSI said it expects Jadak to have revenues of $50 million this year and earnings of $10 million before interest, taxes, depreciation and amortization. Jadak's sales have doubled in the last five years, GSI said.